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Gemino Healthcare Finance Provides $8MM Financing to Unlimited Care

January 08, 2015, 08:04 AM
Filed Under: Healthcare

Gemino Healthcare Finance announced it has provided an $8 million secured revolving line of credit to Unlimited Care, Inc. The proceeds are being used for working capital purposes.

Headquartered in White Plains, New York, Unlimited Care, Inc. provides home healthcare services to individuals and staffing services to other healthcare providers in New York and New Jersey through 18 branch offices. Unlimited Care, Inc. is approved by the New York State Department of Health to operate the Traumatic Brain Injury and Nursing Home Transition and Diversion Waiver programs.

Ron Fish, Owner of Unlimited Care, Inc. said, “The Gemino Healthcare Finance agreement will provide Unlimited Care with the financial backing to strategically expand the array of services and to extend the provision of quality service to communities unserved by other home care providers.”

Rob Misener, Director for Gemino, said, “We’re excited to provide this credit facility to support the working capital needs of a long standing community institution like Unlimited Care.  We look forward to being a supportive partner as the business continues to grow.”

Gemino Healthcare Finance, a portfolio company of Solar Senior Capital Ltd., provides senior loans to healthcare service providers throughout the U.S., with typical financing needs ranging from $2 million to $20 million in the form of revolving lines of credit and term loans.

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